6-K
Metalla Royalty & Streaming Ltd. (MTA)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August, 2020
Commission File Number: 000-56061
Metalla Royalty & Streaming Ltd.
(Translation of registrant's name into English)
501- 543 Granville Street, Vancouver, BC, V6C 1X8 (Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
[ ] Form 20-F [ x ] Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
SUBMITTED HEREWITH
Exhibits
| 99.1 | MTA - Material Change Report |
|---|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Metalla Royalty & Streaming Ltd. | ||
|---|---|---|
| (Registrant) | ||
| Date: August 26, 2020 | By: | /s/ Kim Casswell |
| Kim Casswell | ||
| Title: | Corporate Secretary |
Metalla Royalty & Streaming Ltd. : Exhibit 99.1 - Filed by newsfilecorp.com
MATERIAL CHANGE REPORT
51-102F3
Item 1 Name and Address of Company
Metalla Royalty & Streaming Ltd. (the "Company") Suite 501, 543 Granville Street Vancouver, British Columbia V6C 1X8
Item 2 Date of Material Change
July 29 and August 6, 2020
Item 3 News Release
News releases dated July 29 and August 6, 2020 were disseminated and filed on SEDAR with applicable securities commissions.
Item 4 Summary of Material Change
The Company announced an amended and restated existing loan facility (the "Loan Facility") with Beedie Capital ("Beedie"), completed a conversion of principal amount outstanding under the Loan Facility, received an additional advance under the Loan Facility and elected to accelerate the expiry of warrants.
Item 5 Full Description of Material Change
5.1 Full Description of Material Change
The Company announced the following:
a. it increased its Loan Facility with Beedie by CDN$20 million to help fund the acquisition of new royalties and streams;
b. it completed a conversion of CDN$6 million of principal amount outstanding under the Loan Facility and as a result of the conversion, Beedie was issued 1,079,136 common shares of the Company in satisfaction of the CDN$6 million principal amount outstanding under the Loan Facility;
c. it was advanced an additional CDN$5M under the Loan Facility; and
d. it was electing to accelerate the expiry of certain outstanding common share purchase warrants of the Company exercisable at an adjusted price of CDN$4.68 per post-consolidated Common Share and broker warrants exercisable at an adjusted price of CDN$3.12 per Common Share (collectively, the "Warrants"). The Warrants were issued pursuant to a brokered private placement of the Company that closed in two tranches on December 21, 2018 and January 4, 2019.
5.2 Disclosure for Restructuring Transactions
Not applicable
Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable
Item 7 Omitted Information
Not applicable
Item 8 Executive Officer
Brett Heath, President & CEO Phone: 604-696-0741
Email: info@metallaroyalty.com
Item 9 Date of Report
August 7, 2020